Multifamily

Aggressive increases in the Southwest have kept Phoenix and Las Vegas at the top of the list for rent growth in the past year while the fastest and slowest yearly rent changes occurred in Midland/Odessa.

The buyer, Pacific Life, saw a competitive advantage for Jefferson LasCo, which overlooks the Campion Trail and is located near the Toyota Music Factory, the Las Colinas DART rail station and Lake Carolyn.

The recapped luxury residential and commercial building is one of several projects the real estate firm is developing in emerging neighborhoods.

The median household income in Los Angeles needs to increase 25% to afford the average rent in the city.

“I have been pleasantly surprised in the time since to learn that this has had less of an impact that I had feared,” Mayor Bramson said.

The 550-unit mixed-use development transforms a former naval testing facility in East Pasadena.

Career opportunities in commercial real estate run the gamut from architecture, asset management and investment banking to engineering and environmental science.

The community places a focus on wellness with a bike share station, designated refrigerated area for fresh and frozen food delivery, safe and accessible street infrastructure and accessible outdoor living spaces.